Idea Cellular announces Q2 results

Idea Cellular has clocked a revenue of Rs. 36,891 million in
Q2FY11, it has grew by 26.2 per cent however there has been a 2.2% of sequential quarterly revenue growth after high growth of 6.7% and 7.0% in the previous two quarters.

The standalone EBITDA margin compressed by 1% to 22.4% over previous quarter, primarily due to higher manpower cost (annual increment) and network expenses. On a YoY basis the company's EBITDA has grown to Rs.10,436 million (Q2 FY12) in comparison to Rs. 7,618 million (Q2 FY11), an increase of 37%. Similarly, inspite of high investment in 2G, 3G and 3G spectrum auction; the company has managed to grow its EBIT to Rs. 3,710 million, reflecting a growth of 58%, over Q2FY11.

The external environment has pushed the Profit After Tax (PAT) on a standalone basis down to Rs. 793 million against Rs. 1,541 million in the previous quarter, on account of net high interest & finance cost of Rs. 2,538 million, including Rs. 313 million of forex loss. The Cash Profit stands at Rs. 7,884 million for Q2 FY12.